Looks like a profit booking in Nifty, i call this as fake selling, However, juts to be safe revise stop loss as per your risk management or 16 to 6.30
lejinjoseph
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@PrashantTaralkar So you expect profit booking in Vi also. As per today's closing of 17.10, what should be stoploss
PrashantTaralkar
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@lejinjoseph, As i mentioned earlier stock is news based, we can expect sudden movements either side, we have below options to choose as per risk management. For huge quantity :- book partly and hold remaning with stop loss. if move in bullish direction we can add quantity again. if risk management allows use any of this stop loss, 16, 15, 13 and last will be 10.5 will not recommend to hold if closes below 10.5
lejinjoseph
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thanks alot
lejinjoseph
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Please share your updated view after yesterday's fall ???
PrashantTaralkar
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@lejinjoseph, My revised stop loss is 15.50 and 15.30
lejinjoseph
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Any updated view on price??
PrashantTaralkar
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@lejinjoseph, now the stock is news based and some rumours suggest "Elon Musk's Starlink collaboration with Vodafone Idea".. Movement of the stock depends on if this rumour is true and how market takes it,
On other side Index closing are not that promising, i would suggest to add proper Risk management for all market investments for next 15-20 days.
It will be good to stay with the flow - if you need to use level, exit if its sustains below 15.30 or 15, or as per your risk comfort.